By: Rodriguez H.B. No. 4433
A BILL TO BE ENTITLED
AN ACT
relating to an exemption from oil and gas severance taxes for oil
and gas produced in association with the production of geothermal
energy.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subchapter B, Chapter 201, Tax Code, is amended
by adding Section 201.060 to read as follows:
Sec. 201.060. EXEMPTION OF GAS INCIDENTALLY PRODUCED IN
ASSOCIATION WITH THE PRODUCTION OF GEOTHERMAL ENERGY. Gas
incidentally produced in association with the production of
geothermal energy is not subject to the tax imposed by this chapter.
SECTION 2. Subchapter B, Chapter 202, Tax Code, is amended
by adding Section 202.063 to read as follows:
Sec. 202.063. EXEMPTION OF OIL INCIDENTALLY PRODUCED IN
ASSOCIATION WITH THE PRODUCTION OF GEOTHERMAL ENERGY. Oil
incidentally produced in association with the production of
geothermal energy is not subject to the tax imposed by this chapter.
SECTION 3. This Act takes effect September 1, 2009.